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to look at it right now. when people talk about obama care they forget about all the positives. the fact that right now for me in college i'm not paying any higher premium. i'm allowed to stay on my parents' health insurance until i'm 26 because of obama care. when i end up finding my own plan which i do plan on doing once i turn 26, i will not be denied for any pre-existing conditions, i'm not going to be denied because i'm a woman, i won't pay any higher charges. i think those are very important things to focus on but back to your point about student loan debt, i don't necessarily see it as a trade-off that way because i know a lot of people will not be able to be covered because of their parents because they're able to stay with them until they're 26 but with student loan, that's something that's tackled in a separate way but putting the two together -- >> i don't know, charlie, it's just expenses. you all have expenses, i got expenses, and i'm just trying to figure out how this is going to work out. look, what do numbers show from this harvard poll, it's that young people are going t
half of obama care. it's actually not going to -- they're cutting right into medicare. they're also cutting right into medicare advantage. isn't that going to lower the reimbursement rates for medicare and push doctors out of the medicare system? >> yeah, they're already leaving in droves from accepting medicare. and they're going to concierge practices, limiting their number of medicare patients they take. they are taking only commercial insurance plans. and many people are taking -- the premier physicians aren't taking any insurance. you just have to send the bill to your insurance company and hope that they pay for that. >> this is a dumb question, what would you have them do? obama dials you up, sees you on "the kudlow report," wants to know what you would do. what would you tell him. >> give everybody at birth a health savings account and that's what i would do -- >> just give it to them. >> it makes everybody a capitalist. and capitalism has been the winning formula -- >> tax free, save it up all those years, the inside build-up. this is what harold ford wanted when he was run
about. larry, back to you. >>> all right, many thanks to bob pisani. now, it looks like more and more like obama care is failing so badly that a bailout is already in the works for the nation's biggest health insurance companies. and that's because of what many are calling the perfect storm. not enough young people enrolling, too many older and sicker people signing up, also there are too many errors in the reporting back end of the health care.gov website. and today, they admitted to the appallingly big error rate. and 65% oppose a rescue for the health insurance industry. you know what, folks. one big bank bailout five yearers ago more than enough, thanks very much. here is independent senior policy analyst hadley heath and with us democratic strategist tracy sefl, lenwood brooks, policy director for public notice and cnbc contributor james pethokoukis of the american enterprise institute. good evening. heather, let me -- let me begin with you. what is up with this? what are they calling it? a corridor. they're calling it a corridor of assistance for the insurance companies. it soun
're having this huge argument right now. and i think partly because the obama administration about whether the profit incentive is even relevant in today's world. >> i think that's a fair point. i think it's a very important argument to have. by the way, higher education, the for profit guys are the ones paying taxes, both property and income taxes, whereas the not for property guys are the ones receiving subsidies. as far as i'm concerned, money is money. the only difference in private and public money is ideological. you draw a line between the two. public money becomes purer -- >> but it's worth ten cents on the dollar. >> i don't disagree with you. >> you're one of the old democrats. you're looking around saying what am i. >> i don't -- by the way, it's sort of what we were talking about earlier with iran. i don't think it's a question of choosing one or the other. i think you need to have a healthy balance of both. but if you start off with a regulatory bias against the for profit sector. >> you do. >> i understand, i don't disagree. >> i'm appealing to you, stand up and be -- >> i'm
promise to find it for you right here at "mad money." i'm jim cramer. see you tomorrow. >>> president obama argued today that income inequality is the definie ining challenge of our . sorry, mr. president, the defining challenge of our time is to restore strong economic growth. in other words, the rising tide lifts all boats. we don't need redistribution tax hikes, we don't need state run health care, more spending, lower the incentive barriers and bring us growth. here's another big problem for president obama, the millennials are abandoning him and obama care in droves. a new poll shows plunging support from young people. because the obama care website is in such bad shape, the government now has offered to bail out insurance company profit and losses, and in a possible second bailout, provide the insurers with guest estimates of health care subsidies. this whole story has gone haywire. all right? all of this and more coming up on "the kudlow report" beginning right now. >>> good evening, everyone. i'm larry kudlow. this is "the kudlow report." we're live here at 7:00 p.m. eastern,
for you right here on "mad money." i'm jim cramer and i'll see you tomorrow. >>> it's another day of bad surprises from obama care. and this may be the topper. some people with pre-existing conditions, especially cancer patients, may be worse off because of the new law. >>> and sticker shock. deductibles are skyrocketing and that means huge out-of-pocket posts. and then get this -- 70% of doctors in california won't play in obama care. >>> also tonight, very senior, highly placed republican house source in washington, d.c. tells me the budget deal is close but the sequester will not survive intact and there will be a revenue package. >>> and finally, the fight for economic freedom gets even more intense overseas. look at this statue of linen toppled. this fight is not going away. all those stories and much more coming up on "the kudlow report" beginning right now. >>> i'm larry kudlow. this is "the kudlow report." first up tonight, a report that a majority of california doctors, as many as 70%, are staying off the state's obama care exchange because they can't afford to participate. that
obama on the air right now that would be better than the minimum wage. because recall, 40% of unemployed people today are long-term unemployed, disproportionately in the bottom 20% and those people will be hurt by minimum wage increases. but you and i agree that minimum wage people could make more money to support their families better. what's a better policy starting right now that president obama should be talking about instead of what he's doing, which is hurting poor people such they can make more money no matter how much it costs. >> look, just to be clear. i like the question, but i don't agree with the premise. i do think a moderate increase would help. to answer the part of your question that i agree with, here's what i think he should do. the earned income tax is a very important pro work subsidy. this is a good way to help low-wage people. but for childless adults, adults who don't have kids, it's rea y really -- i would increase the childless adult part of the earned income credit so that single folks can make a decent wage, as well. >> so you -- will you acknowledge i didn't
's utterly embarrassing for the president not to have put together the right technical website operation. i'm going to put aside i think it's a lousy product. you know that. i oppose obama care. but i want to go back to this whole technical issue of the screw up around the website. question number one, mr. deinz has come in as the savior and putting this back together in some shape or form. why didn't they go to a guy like zients to quarterback this operation in the first place because, as i'm sure you would agree, the political catastrophic downfall of obama because of this website has been just completely off the charts. if they had done this right with a quarterback, you know, zients is a talented guy. why didn't they start there? >> you got me, larry. i agree with you completely that the past two months -- my job has been much more difficult because there that's been significant political fallout from fact that this website has been a mess. that the launch has been riddled with and made all our jobs much more difficult on the side of people who support obama care. no question whatsoever
mentioned. there's always a bull market somewhere and i promise to find it for you right here at "mad money." i'm jim cramer. see you tomorrow. >>> president obama argued today that income inequality is the definie ining challenge of our . sorry, mr. president, the defining challenge of our time is to restore strong economic growth. in other words, the rising tide lifts all boats. we don't need redistribution tax hikes, we don't need state run health care, more spending, lower the incentive barriers and bring us growth. here's another big problem for president obama, the millennials are abandoning him and obama care in droves. a new poll shows plunging
pleased with the kind of response he's been getting from the obama administration about security. and depending on where you look, congressman, you know, people on the right to some extent say there was never even any thought to getting security in there. and people on the left say, you know, when i had a kid, should i have gotten rid of my kid when i saw a few glitches? no, you fix the glitches. it's a wide spectrum. what wept into the planning for security? >> well, unfortunately, not much. this isn't about wanting the site to fail itself. you're pushing people. people have lost their health care. they need to be able to access this site in order to get on and get a policy by january. so that's our concern. and what you've done is you've opened them up to a level of risk using this website i've never seen. standard site of this size would be about 500,000 lines of code, roughly, maybe a little less. the code in healthcare.gov is about 5 million lines of code. and it has never been thoroughly tested. and so we know of a very low level access problem and meaning that somebody cou
anybody wants is a shutdown other than maybe harry reid and president obama distracting from the patient protection and affordable care act. i'm the right wing saying we need to use the full name. but no, the federal government does enough harm to our economy, day in and day out. the last thing we need is keep on additional harm by shutting down the government. i know republicans are absolu absolutely dedicated to fixing the long-term problem. but we certainly don't want a shutdown at all. i know paul ryan. and i think chairman murray are really working together to try to stabilize the situation, come up with something. if we can get some long-term mandatory reforms in exchange for, you know, some sequester relief, maybe plus up some defense, i know people are highly concerned about readiness in our military. and you've got to do a little giving from that standpoint. you need some real structure reform to the long-term mandatory spending programs in order for that deal to work. >> it puts it out past the 2014 election. >> that's they're talking. let's hope nobody throws a poison pill in
to try to find it just for you right here on "mad money." i'm jim cramer and i'll see you tomorrow. >>> it's another day of bad surprises from obama care. and this may be the topper. some people with pre-existing conditions, especially cancer patients, may be worse off because of the new law. >>> and sticker shock. deductibles are skyrocketing and that means huge out-of-pocket posts. and then get this -- 70% of doctors in california won't play in obama care. >>> also tonight, very senior, highly placed republican house source in washington, d.c. tells me the budget deal is close but the sequester will not survive
sure they're buying the right product. >> clint, just briefly, finally, can you also tell whether you're getting healthy young people signing up? is that the main concern for the whole obama care initiative over the next year or two? >> sure. we're getting a good mix of people right now. yesterday was -- so last week we went live, obviously thanksgiving week. yesterday, we got, you know, inundated with phone calls and requests, and it looks like, you know, early indicates are a pretty good mix of young and older folks, looking for coverage. so i think time will tell as we get more data on how everything plays out. >> all right. gohealthinsurance is the website for those looking for more information. clint jones is the ceo joining us this morning. thank you so much, sir. >> thank you. >>> let's get back to scott cohn who's been walking us through the detroit decision better than anybody could have expected. scott, what do you have? >> reporter: it now is official. detroit is the largest municipal bankruptcy filing in u.s. history. judge steven rhodes saying that the city is indeed elig
soto at a time when we want to drive efficient sports cars. the only question i have is, isn't obama care just another one of those? back to you. >> all right, rick, thank you so much. rick santelli in chicago. >>> nobody puts baby in the corner without an -- without an ipad. [ laughter ] stay tuned for this, the latest in toddler technology in just a moment. hi honey, did you get the toaster cozy? yep. got all the cozies. [ grandma ] with new fedex one rate, i could fill a box and ship it for one flat rate. so i knit until it was full. you'd be crazy not to. is that nana? [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. where does the united states get most of its energy? is it africa? the middle east? canada? or the u.s.? the answer is... the u.s. ♪ most of america's energy comes from right here at home. take the energy quiz. energy lives here. yep. got all the cozies. [ grandma ] with new fedex one rate, i could fill a box and ship it for one flat rate. so i knit until it was full. you'd be crazy not to. is that nana? [ male announcer
? the u.s. is right now in the middle of one of the biggest pushes to raise wages that i've seen in 20 years working in this field. president obama has called for a $10 minimum wage hike. but, you know, given the gridlock in washington, the states are starting to act. california approved a $10 minimum wage hike and no sooner had that been inked than a consebive placed it on the ballot to go to $12. the high cost cities are pushing for even higher wages. voters in sea-tac, washington, approved a $15 wage. now cities like chicago and new york are calling for wages of similar levels. i think what's driving this is what president obama called the defining challenge of our time in this economics talk yesterday. the fact is, the restaurant industry noted that the majority of the jobs our economy is creating are in these low payment fields like restaurant and retail. these aren't team jobs if they ever were. now tens of millions of adult americans spend their time cycling through these careers, these jobs. at $9 an hour, they're not sustainable. so what the fast food workers are calling for i
business committee. he wrote an op-ed piece pointing out there's another small business problem with obama care. this one has to deal with the definition of employee. that's on top of new paperwork rules, new definitions. those are our top three right now. >> our viewers have their homework assignment during the break to go look that one up. thank you very much, sir. i hope my parents are watching because i know we have a couple of red gas cans in the garage. >>> coming up, merrill lynch was one of the largest financial snugs on wall street. up next, former chairman of merrill's international division, win smith on what led to their collapse during the financial crisis, of course it to be bought by bank of america. the american dream is of a better future, a confident retirement. those dreams, there's just no way we're going to let them die. ♪ like they helped millions of others. by listening. planning. working one on one. that's what ameriprise financial does. that's what they can do with you. that's how ameriprise puts more within reach. ♪ to help secure retirements and protect finan
. >> and, again, obama care developers, are they available to develop this for us for the federal -- >> i don't know. they might be busy right now. >> maybe we can wait. if somebody like amazon could deal with figuring out 5,000 different tax jurisdictions, it would be a pain, but they could figure it out. >> they can deliver packages with a drone, they can figure this out. >> right. it's complicated stuff, but it's people who are the -- >> was that a pr stunt yesterday or was that -- >> they are becking it up. they are still saying they can do it. >> fred smith of -- >> he said that flying in general is much harder just logistical logistically. >> was he a fighter pilot? >> he is. but he talked about the worries of terrorism, if it's not completely regulated in the right way. but he did take it seriously, sent me an article about how it is moving from military to some commercial uses. but didn't sound like it was nearly as imminent to him. i asked the u.p.s. guy and the guy couldn't answer because liesman was laughing so hard that i asked the u.p.s. guy. but it's a legitimate question. i
Search Results 0 to 16 of about 17